E*TRADE Financial Corp (NASDAQ: ETFC) recently received a number of ratings updates from brokerages and research firms:

  • 1/24/2016 – E*TRADE Financial Corp had its “buy” rating reaffirmed by analysts at Credit Suisse.
  • 1/24/2016 – E*TRADE Financial Corp had its “buy” rating reaffirmed by analysts at Barclays.
  • 1/22/2016 – E*TRADE Financial Corp had its “buy” rating reaffirmed by analysts at Compass Point. They now have a $31.00 price target on the stock, down previously from $34.00.
  • 1/22/2016 – E*TRADE Financial Corp had its price target lowered by analysts at Barclays from $34.00 to $33.00. They now have an “overweight” rating on the stock.
  • 1/22/2016 – E*TRADE Financial Corp had its “buy” rating reaffirmed by analysts at Nomura. They now have a $30.00 price target on the stock.
  • 1/19/2016 – E*TRADE Financial Corp had its price target lowered by analysts at Deutsche Bank from $33.00 to $31.00. They now have a “buy” rating on the stock.
  • 1/19/2016 – E*TRADE Financial Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Marking the first time in over eight years, E*TRADE announced a repurchase authorization of up to $800 million of its common stock in November 2015. E*TRADE’s third-quarter 2015 adjusted earnings beat the Zacks Consensus Estimate. However, including charges related to the termination of its wholesale funding obligations, the firm reported a net loss. Results reflected relatively stable adjusted revenues, a benefit to provision for loan losses and higher expenses. A rise in daily average revenue trades (DARTs) and higher customer accounts acted as the tailwinds. We expect the company's focus on core operations to lead to improved profitability going forward. However, we remain cautious given the low rate environment and macro headwinds.”
  • 1/12/2016 – E*TRADE Financial Corp was downgraded by analysts at Goldman Sachs from a “conviction-buy” rating to a “buy” rating.
  • 1/8/2016 – E*TRADE Financial Corp had its price target lowered by analysts at Deutsche Bank from $34.00 to $33.00. They now have a “buy” rating on the stock.
  • 1/7/2016 – E*TRADE Financial Corp had its price target raised by analysts at Evercore ISI from $33.00 to $35.00.
  • 12/11/2015 – E*TRADE Financial Corp had its price target raised by analysts at Keefe, Bruyette & Woods from $31.00 to $33.00.
  • 12/8/2015 – E*TRADE Financial Corp had its price target lowered by analysts at Barclays from $37.00 to $35.00.
  • 11/30/2015 – E*TRADE Financial Corp had its price target raised by analysts at JMP Securities from $32.00 to $34.00.

Shares of E*TRADE Financial Corp (NASDAQ:ETFC) opened at 23.68 on Wednesday. E*TRADE Financial Corp has a 52-week low of $22.66 and a 52-week high of $31.48. The stock’s 50 day moving average is $27.78 and its 200 day moving average is $27.91. The stock has a market cap of $6.93 billion and a price-to-earnings ratio of 26.02.

E*TRADE Financial Corp (NASDAQ:ETFC) last posted its earnings results on Thursday, January 21st. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The company earned $454 million during the quarter, compared to analysts’ expectations of $453.23 million. During the same quarter last year, the firm earned $0.26 EPS. E*TRADE Financial Corp’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts predict that E*TRADE Financial Corp will post $1.56 EPS for the current fiscal year.

In other E*TRADE Financial Corp news, CEO Paul Idzik sold 10,950 shares of E*TRADE Financial Corp stock in a transaction dated Monday, January 25th. The stock was sold at an average price of $23.69, for a total value of $259,405.50. Following the transaction, the chief executive officer now owns 449,903 shares in the company, valued at $10,658,202.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

E*Trade Financial Corporation is a financial services company that provides brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. It also provides investor-focused banking products, primarily sweep deposits, to retail investors. The Company operates in two segments: trading and investing, and balance sheet management. The trading and investing segment includes retail brokerage products and services, investor-focused banking products, and corporate services. Balance sheet management includes the management of asset allocation, loans previously originated by the Company or purchased from third parties, deposits and customer payables, and credit, liquidity and interest rate risk for the Company.

12 Month Chart for NASDAQ:ETFC

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